The Competition Rabbit Hole
According to Fannie Mae’s 3Q 2017 Mortgage Lender Sentiment Survey®,“The share of lenders citing competition from other lenders as the key reason for a negative profit market outlook rose to a new survey high… market competitiveness also led to the fourth consecutive quarter in which lenders’ net profit margin outlook deteriorated.”
Many regional banks enjoy a reputational and market presence advantage on which they can capitalize. These are clear advantages over other lenders. Capitalizing on these advantages in an increasingly competitive technology-driven marketplace is becoming more challenging, and it comes at a cost. Chasing the competition can lead you down a rabbit hole. Technology can be an expensive proposition especially in a market with constrained demand.
Embrace brings your bank the operational efficiency and technology needed to be profitable in today’s mortgage market. We allow you to compete in the market with a capital investment while optimizing the latest technologies and process improvement systems.
Our partnership brings you:
- LOS development and maintenance
- System and regulatory training
- Product and pricing engine for LOS
- Branded online application
- Embrace retained servicing for your customer retention
“I would like to express my thanks to EMBRACE for its support to my activity as a loan officer here at EASTERN BANK. Your team has provided processing, underwriting, and closing support to me, both efficiently and professionally! It has enabled me to focus on the other aspects of originating loan applications, and has contributed to my success this past year! I am looking forward to our continued partnership in 2017!”